Answer:
Michael does not experience inflation because he only buys Tennis rackets
Explanation:
Inflation is defined as increases in price per unit price.
It is the prolonged increase in the price of goods and services caused by devaluation of currency , demand -pull or cost - push. While a certain degree of inflation can be beneficial to a thriving economy , it can become a threat if it becomes larger.
One of the direct impact of inflation is rise in price of goods and services.
As the price of rackets was not affected by the inflation , that means that Michael was not affected by the inflation.
Yes because you aren’t doing anything special with your bookstore since it is the same as others
Answer:
The book debt-to-value ratio is 0.57
Explanation:
The computation of the book debt-to-value ratio is shown below:
Book debt-to-value ratio = (Book value) ÷ (book value of debt)
where,
Book value is $30.0 per share
Book value of debt = Outstanding shares × book value + long term debt
= 0.730 × $30 + $30.50
= $21.90 + $30.50
= $52.40
Now put these values to the above formula
So, the value would equal to
= $30.00 ÷ $52.40
= 0.57
